R&D Tax Credit Studies

Reap the Rewards of Innovation and Improvement

New product and process development and improvement pay. Not just figuratively – in creating a competitive advantage – but also literally, thanks to Research & Development (R&D) tax credits.

Frequently overlooked or misunderstood, R&D tax credits provide a substantial tax-savings opportunity for the development and improvement activities you’re likely already undertaking. Thanks to 2015 federal legislation that made the R&D tax credit permanent and expanded its availability, even more companies, including smaller or newer businesses, can now take advantage of this tax planning tool.

Qualifying Activities for R&D Tax Credits

R&D credits may be available whenever a taxpayer conducts activities which meet the following four-part test:

Aimed at developing a new or improved product, process, formulation, invention, software or technique.

Entail some degree of uncertainty regarding the design, capability or methodology.

Require an iterative process of experimentation or trial and error.

Are rooted in hard science or technical principles.

RKL R&D Tax Credit Services

RKL’s Tax Services Group specializes in helping companies take advantage of R&D Tax Credits and developing the processes to continue doing so in the future. We identify expenditures that qualify for the tax credit under both federal and state regulations.

Beyond helping you capture tax savings, we provide ongoing value by helping to develop internal procedures to properly track these expenses moving forward. Documentation to substantiate eligibility for research expenditures and credits, in case of IRS or state examination, will be right there at your fingertips.

We help companies take advantage of R&D Tax Credits now and develop processes to reap these benefits into the future.